Investor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past
FILE - Berkshire Hathaway Vice Chairman Charlie Munger listens to a question during an interview, May 7, 2018, in Omaha, Neb., with Liz Claman on Fox Business Network's"Countdown to the Closing Bell." On Thursday, Oct. 5, 2023, Munger, who's been Warren Buffett's right-hand man for more than five decades, made a $40 million gift to a California museum that he's supported in the past.
A decade ago, he gave the Huntington museum nearly $33 million worth of Berkshire stock to help pay for a new education and visitors center. Huntington spokeswoman Susan Turner-Lowe said this latest donation will be used to build more than 30 residences for visiting scholars to use while they spend time at the museum doing research.
Once a billionaire, Munger's fortune never rivaled his best friend Buffett's. But Munger lost his billionaire status long ago as he steadily gave away his fortune, and roughly $1 billion of his stock went into a charitable trust in 2010 after his wife died.
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